Her Dinero Matters

If you want to achieve financial success, building solid money habits is a non-negotiable. Intellectually, almost everyone knows and agrees with that statement. But, how do you choose which habits to build? That’s the million-dollar question. In this week’s episode, I’ll share with you the four money habits that can have the biggest impact on your money confidence journey. Every self-help book or personal development coach seems to agree on one thing: if you are trying to transform one area of your life, the first thing you gotta do is build good habits.  But, what is exactly a good habit? And who decides which ones fall into this category? That is the quintessential question. When it comes to improving your finances, habits such as saving consistently and spending less will almost always pop up in any finance-related conversation. However, how can you know if building these will help you move the needle of your plan forward? Because let’s be honest: there is such a thing as picking the wrong habit (#gasp). And since building these behavioral patterns is not that easy (plot twist: gaining real momentum usually takes more than 21 days), you want to be sure the time and energy you’ll be investing in acquiring a new habit will eventually pay off. In this episode, I’ll share with you some insights on the importance of picking (and building!)  money habits that bring in a genuine bang. In this episode you will learn: Why so many financial habits are not worth your energy and time and what you can do instead.Two habits that seem crucial to have, but actually can be automated.Four key money habits that will bring you more bang for your time.For a quick recap of this episode go to https://www.jenhemphill.com/396The post, Are Your Money Habits Keeping You Stuck? | HDM 396 appeared first on the Her Dinero Matters Podcast.

Did you know that, despite the challenges of the current housing market, most Americans still consider homeownership an essential part of the American Dream? And yet sometimes a quick run of your numbers can reveal that owning property may not be as financially advantageous as you initially thought. In this episode, we’ll talk about the real cost of owning a home. According to a survey conducted by the online platform Lending Tree in July 2023, 94% of respondents still see homeownership as an essential part of the American Dream. However, as the days and months pass by,  the realities of the current housing market, with its ever-changing ups and downs, have created a sense of hopelessness in so many people, particularly the younger crowd: no matter what they do, it’s unlikely they will ever be able to afford a house. But, what if this sense of hopelessness was simply a by-product of believing that owning a house is better than renting because it’s cheaper? What if this belief were simply not true? While no one can deny that owning the house you live in can be a rewarding, and even fulfilling experience, the numbers don’t lie: there are so many scenarios where owning property can cost you more (way, way more, in fact) than renting out. In this episode, I’ll share with you my story (and insights) on things you have to consider before buying a home and the importance of running your numbers before committing to homeownership. In this episode you will learn: Some of the things to consider when buying a homeThe numbers you need to compare for calculating the true cost of owning vs renting a homeWhy my family is choosing not to buy a home and what we are doing instead.For a quick recap of this episode go to https://www.jenhemphill.com/395The post, NOT owning a home does have its benefits | HDM 395 appeared first on the Her Dinero Matters Podcast.

If someone approached you at a family party and asked you to share your biggest money mistake, what would you say? To be completely honest, I’d probably freeze on the spot. Not because I don’t know how to answer, but because a voice in my head tells me that, as a financial counselor, I should know better. Well, that’s not exactly true. And in this week’s episode, I’m going to walk you through the details of my biggest money mistake ever: buying a timeshare. If you’ve ever vacationed in a resort, you’ve probably heard about timeshares. The concept is very straightforward: in exchange for a fee, you “purchase” the right to use a resort room for one week of a given year. The “advantage” of this system is that your contract allows you to enjoy the resort room at the same fixed price, which over time amounts to considerable savings on vacation costs. While on paper the idea sounds interesting enough, in my case reality didn’t really live up to the expectations. And yet,  acknowledging this in real-time was almost impossible –a fact that made the whole experience very painful. Today I’m sharing this experience hoping that it can inspire you to better understand why sometimes is hard to see big money mistakes coming.In this episode you will learn: The reason why investing in this didn’t feel like a mistake (at first).Some annoying realizations that added up to the pain of this experience.How we managed to get rid of it and why it was the best decision.For a quick recap of this episode go to https://www.jenhemphill.com/394The post, Storytime: My Biggest Money Mistake Ever | HDM 394 appeared first on the Her Dinero Matters Podcast.

When it comes to money talk, do you know what your family is expecting from you? While there’s nothing wrong with freely offering financial help to your loved ones when things get tough, doing so at the expense of your financial well-being is a recipe for future problems. So, how do you navigate financial expectations with your family? How do you get ready to have these potentially triggering conversations? This is exactly what Gigi González, author of the bestselling book, Cultura and Cash, will be talking about in today’s episode.Have you ever been in a situation where a loved one expects you to contribute financially to something just because you have a close relationship? It can either be an emergency expense (think sudden hospital bills or the cost of a specific medication) or a common,  everyday expense (the cost of a meal, gas, or even a plane ticket). If you have, you know there’s nothing more complicated than navigating such a scenario because, let’s face it, it seems there’s no real way to win. You either say no and get a disappointed (and potentially shocked) response, or you say yes and end up resenting the person who asked. Either way, someone will always end up upset. So, here comes the million-dollar question: is there a way around this? Is there a way to navigate these tricky conversations without ending up feeling the full spectrum of negative emotions? These are some questions that our (returning!) guest for this week’s episode, Giovanna “Gigi” González will be speaking about. Gigi is a TikTok influencer, financial educator, and author of Cultura and Cash. During The Great Resignation, she quit her 10-year corporate career to pursue her true passion: teaching financial literacy to young adults. She teaches personal finance and career navigation for First Gen at various organizations and on her TikTok account @thefirstgenmentor.In this episode you will learn: Insights on what it means to be a bicultural first-gen Latina (and why it matters). A walkthrough of Gigi’s First Gen Five Framework.A simple two-step framework for setting up money boundaries as a first-gen Latina.For a quick recap of this episode go to https://www.jenhemphill.com/393The post, Living in a Cultural Clash? How to Navigate Financial Expectations With Your Family | HDM 393 appeared first on the Her Dinero Matters Podcast.

Living paycheck to paycheck is not as uncommon as we think: 60% of the US population depends on their bi-monthly deposits to make ends meet. If you are living in this situation, I bet you’ve probably scratched your head more than twice trying to figure out where all your paycheck money went. In this episode, I’ll share with you a savvy paycheck routine that will allow you to understand what’s going on with your hard-earned dollars.Picture your regular payday. Your money has just landed in your account and now is the time to pay those bills. You make all the necessary  payments and for a couple of days, everything looks okay… until you suddenly realize that:Your account is again in the lows.There’s still a week (or more) to go until the next payday.You have NO CLUE as to where your remaining money went. Did you spend more on this week’s grocery shopping? Did you make the wrong transfer? You just don't know. And that can be a huge issue.The truth is that, while not ideal,  living paycheck to paycheck doesn’t always have to be a nerve-wracking experience. There are ways to minimize the stress and anxiety that usually arise when money hits our accounts. In this week’s episode, I’m sharing with you a simple, no-shame paycheck routine that will allow you to take back control of your income flows from day one. In this episode you will learn: What is a budget bottom line and why not knowing yours is a recipe for future (and unnecessary) stress. What is a zero base budget and why you should be assigning a purpose to every dollar in your accounts.A simplified 5-step paycheck routine that will allow you to manage your income without stressing out.For a quick recap of this episode go to https://www.jenhemphill.com/392The post, Living Paycheck to Paycheck? A #NoShame Routine to Avoid the Frenzy | HDM 392 appeared first on the Her Dinero Matters Podcast.

If you still have days when getting a hold of your finances seems impossible, rest assured: you’re not alone! You might not know it, but between you and money confidence stands an invisible, ever-eluding barrier that you gotta tackle first: your money story. In this episode, Pam Covarubias explains how Calladita Culture™️ has disempowered women financially and what can you do to uncover your money story. We all carry money stories, hiding in plain sight and influencing the way we think, act around, and spend our money. Although there are money stories of all kinds, both good and bad, in my experience, an overwhelming amount of Latina women navigate through life carrying around disempowering and restrictive money stories. These stories not only are a breeding ground for financial stress –they also keep us enmeshed in Calladita Culture™️, a set of limiting beliefs that push women to act in a self-effacing way. In today’s episode, Pam Covarrubias, host of the beloved Café con Pam podcast,  will share with us some tools to help you reclaim your voice and finally start to uncover that hidden money story that is keeping you small.Pam is a Coach, Speaker, Podcaster, and Recovering Procrastinator. Grounded in liberation principles, she employs trauma-informed practices that nurture her clients' nervous systems. Rejecting the damages of Calladita Culture™️, Pam embraces her voice to eradicate its impact by advocating against silencing and submission in first-generation women and femmes in the US.In this episode you will learn: What is calladita culture and how it affects women?The pesky ways in which this culture impacts your finances.How to use tapping to regulate your nervous system For a quick recap of this episode go to https://www.jenhemphill.com/391The post, Tapping into Money? The Secret Tool to Uncover Your Money Story | HDM 391 appeared first on the Her Dinero Matters Podcast.

Have you ever found yourself in the middle of a redirection? Recently, my life took an unexpected (and good!) turn, and even though I am ready to take on this new challenge, the changes impact not only me and my family but also my business. In this episode, I’ll share what exactly is this change and how I plan to navigate this transition.In today’s episode, I’m sharing a MAJOR life update: After 21 years of solo work, I’m officially back in the world of full-time employment! Since this new life episode is the dictionary definition of unexpected, in the past few weeks I had to make a few adjustments to the way I face both life and work. Today, I am sharing what those changes are all about.In this episode you will learn: Everything about my new job: Why this position? Why now?Things that will change in my business (aka, changes to the Her Dinero Matters Podcast!)An honest conversation about what these life changes mean, financially speaking (after all, we are a personal finance podcast!).For a quick recap of this episode go to https://www.jenhemphill.com/390The post, The Unexpected can Also be GOOD!: Life Updates and New Decisions | HDM 390 appeared first on the Her Dinero Matters Podcast.

Have you ever felt like you needed an MBA just to get started investing? There are terms, like compound interest, loaded funds, and on and on that feel complex. Therefore, it feels scary to start investing without having ALL  the knowledge. Today we are going to squash all of that so you can invest with confidence. Did you know that about 42% of Americans don't own stock? That's according to a Motley Fool study. The number of Latinos is likely much lower than that. Of course the reason? Fear of investing. Today I bring you a woman who will help you lose your fear of investing. Tess Waresmith is a financial coach and the founder of Money Confident, a financial education program aimed at women in their 30s and 40s. After losing $80k in bad investments in her twenties, Tess educated herself on wealth building and increased her net worth from 0 to 1 million by the age of 35. Now, she helps women learn simple investing strategies to grow their money, even if they're short on time or new to investing.In this episode you will learn: The costly mistake she made when starting to invest.One thing you can do starting now when investing feels to overwhelming and complicated.A practical rule of thumb to figure out if you need a financial advisor right now.For a quick recap of this episode go to https://www.jenhemphill.com/389The post, Investing for Beginners- Steps You Can Start Taking Now | HDM 389 appeared first on the Her Dinero Matters Podcast.

Guess what the most frequently asked question I get is: "Jen, what budgeting tools do you recommend?" And honestly, I'll tell you that question makes me nervous, surprised, right? In today's episode, I'll explain why, and I'll also guide you on how to choose the right budgeting tool for you. This way you choose one that will help you simplify your finances and always know confidently where you stand.You don't need complex tools to manage your money, the key is finding a simple system that works for you. Today you will learn what to look for in a budgeting tool that suits your needs, as well as additional options, both paid and free, that you can use. You’ve got this!!!In this episode you will learn: Questions to ask yourself when looking for an app or tool for budgeting.What are some free and paid resources that can be used for financial help.What other podcasts, additional to this one, you can listen to for managing, simplifying and increasing your confidence with your finances.For a quick recap of this episode go to https://www.jenhemphill.com/388The post, How to Choose Budgeting Tools | HDM 388 appeared first on the Her Dinero Matters Podcast.

Imagine waking up in the morning feeling relaxed when you think about your finances because you are debt-free. Doesn’t seem  possible for you? Keep in mind that what works for one person may not necessarily work for you, and that's where many people give up. This is where a more holistic approach comes into play which will make a drastic difference in seeing your debt go down. What the heck is a holistic approach? Find out what this looks like and more in today’s episode all about what it really takes to achieve a debt-free life.  Did you know that according to a survey conducted by Clever over, 61% of Americans have credit card debt? That is 3 in 5 Americans. And with the current higher interest rates, it makes things more challenging. Even with this challenge, a debt-free life is possible. The guest I bring you today is a living example of what is possible.Mayra García is a financial coach and podcaster who is dedicated to empowering Latinas and families everywhere to master their money and live debt-free lifestyles.  She has had a journey and was able to pay off all her debt in 17 months.In this episode you will learn: How a holistic approach can help you manage your finances and be debt free.The one primary financial obstacle observed, particularly in the Latina community.A strategy to help manage your finances if you have debt, specifically credit card debt.Why it's important not to compare your financial situation with what you see on social media.For a quick recap of this episode go to https://www.jenhemphill.com/387The post, What it Really Takes to Achieve a Debt-Free Life | HDM 387 appeared first on the Her Dinero Matters Podcast.

It's time for change. The financial system needs to better serve women, especially Latinas. I know that may sound controversial, but stay with me as you will learn how you can navigate it despite the odds and what one woman is doing to disrupt change.We'll be diving into a thoughtful discussion on how we can better navigate the current financial system. To explore this important topic, I'm thrilled to be speaking with Vrinda Gupta, an inspiring leader in the FinTech space who is making huge strides in bridging systemic gaps for diverse communities. Vrinda is the CEO & Co-Founder of Sequin, a women’s finance club and fintech empowering women to step into financial freedom with banking, education, and community.IN THIS EPISODE YOU WILL LEARN:3 gaps that women and minority groups experience in the financial system.Why it is important for women to educate themselves about money, building credit, and wealth.The hidden facts about banks that you need to know about.For a quick recap of this episode go to https://www.jenhemphill.com/386The post How The Financial System Has Failed Women (and What You Can Do Despite This) | HDM 386 appeared first on the Her Dinero Matters Podcast

Frustrated because you feel time has passed, and you haven't invested or saved? Stay tuned as today I'll share with you three steps you can start right away to take control of your finances.The question of "I'm starting from zero, I'm 40+, with nothing to show but my income, what do I do?" is one I encounter frequently. If this resonates with you, know that you're not alone, and there's hope. It's not too late, you can make a positive change. In this episode, I'll guide you on getting unstuck with two key questions. Additionally, I'll clear up the confusion surrounding emergency funds and provide a straightforward system to help you manage your money.In this episode you will learn: How you can start creating a plan to save and invest from scratch regardless of your age.The key considerations for an emergency fund that fits your current situation.The details behind a simple system to manage your finances (and doesn’t rely on using credit cards)For a quick recap of this episode go to https://www.jenhemphill.com/385The post,  Three Money Steps to Take When You Are Starting From Zero | HDM 385 appeared first on the Her Dinero Matters Podcast.

At some point, have you felt that finding stability between managing your finances and living your life is impossible? And after this, what follows is “te rendiste”.What if I tell you that finding balance is not an illusion? I'm here to explain why it's within reach and offer actionable steps to maintain equilibrium between your life and your financial objectives.We are already in the last show of this special 4-episode series. This means it's already the end of January, can you believe it? In this series, we have talked about what you can control, the importance of making more money, making sure you don't just save but make your savings multiply, and today is all about what you can do to live your life and reach your financial goals.Are you prepared to start this journey?In this episode you will learn: How live your life in a way you enjoy it while also being able to reach your financial goals.The importance of setting aside money for self-care to live well (spoiler alert, it is not selfish).The significance of avoiding extreme sacrifice and aiming for sustainable enjoyment along with financial progress.For a quick recap of this episode go to http://www.jenhemphill.com/384The post,  Live Your Life, Not Just Your Budget | HDM 384 appeared first on the Her Dinero Matters Podcast.

Aren't you tired of those famous money phrases that, to be honest, don't really serve us much, like, for example, "save for a rainy day"?And don't get me wrong, it's ok to save money, of course, but it's more than that, it's about making your money multiply.In today's episode, I'll share three familiar strategies to not only save money but also ensure that your savings multiply.Throughout this 4-part series, we've delved into two crucial points for the year: emphasizing what's within our control and recognizing the significance of increasing our income.In today's episode, our focus shifts to saving for the future and ensuring our money multiplies. I'll guide you on what focusing on making your savings multiply will do for you. I will also provide a mini financial terminology 101 lesson, and reveal three essential areas to maximize your money multiplying potential.In this episode you will learn: Why it is important to go beyond saving and making sure your money multipliesTruly understanding the benefits of compound interest.Understanding what a high yield savings account is and how you can benefit from them.For a quick recap of this episode go to http://www.jenhemphill.com/383The post,  Your Fast-Track to How to Earn More Money | HDM 383 appeared first on the Her Dinero Matters Podcast.

Have you been spending countless hours attempting to trim expenses to speed up paying off debt or saving/investing more? I know it is exhausting. The conventional wisdom of saving more and spending less, while effective, has its limits. Expenses can only be cut so far, potentially slowing down your journey to financial goals. However, focusing on ways to make more money can significantly improve your progress without the need for excessive budgetary restrictions.How do you navigate this maze of options available? And how do you choose what is best aligned to your unique financial situation and time constraints? That is all covered in today’s discussion.In this episode, we're exploring how to boost your income. From assessing what type of side hustle suits your lifestyle to unleashing your passions and skills, I’ll guide you through gig, sharing, and digital economies. You’ll also learn to align your efforts with financial goals, optimize your time, and amplify your earning potential. Whether monetizing hobbies, using online platforms, or investing in in-demand skills, I got you covered. In this episode you will learn: How to identify your strengths, skills, interests and consider using those to earn more money.How to pick a side hustle that makes sense for you and the importance of keeping it simple.  How to decide if a side-hustle is what you need at this moment in your life.For a quick recap of this episode go to http://www.jenhemphill.com/382The post,  Your Fast-Track to How to Earn More Money | HDM 382 appeared first on the Her Dinero Matters Podcast.

I imagine you're already making your New Year's resolutions and feeling excited about everything you want to achieve with your finances. Or it could be that you're a bit scared due to all the things happening that are beyond our control (like inflation). I want you to know that it's completely normal to feel this way. What can we do to make reaching those goals a little easier? Stick around to listen to this episode to find out exactly how! Sometimes we feel powerless over what we can’t control, but you actually can do something to help combat it. Of course I have no magic wand to make inflation go away or anything else out of our control. However, if you focus on what you can control, you can minimize the impact from the things we cannot control. I am going to share with you exactly what those things are today. Welcome to part 1 of our 4-part series, where each week, we'll be sharing one thing to focus on for 2024.In this episode you will learn: How focusing on what you can control helps minimize the impact on your finances from the things you can’t control. Understand how you can apply mindful budgeting and take advantage of smart shopping.How you can maximize your savings and manage your debt.For a quick recap of this episode go to http://www.jenhemphill.com/381The post,  Money Moves to Focus on What You Can Control | HDM 381 appeared first on the Her Dinero Matters Podcast.

Imagine if the key to reaching your financial goals doesn't lie within the goals themselves, but in the actions you take before even putting them to paper.And it's this time of the year when we are excited thinking about our New Year’s goals or New Year’s resolutions. If you're like me, you're already thinking about what is next. Hey, and don't get me wrong, that's great. But before you continue, listen to this episode!So, you already have your New Year’s goals written, ready to take action. And then, what can happen? Well, many of us find that by mid-January, we fall off the wagon and later you may get back on track, fall off again and so on. To prevent that from happening this time, there are three steps you can follow before you sit down to write your financial goals for the upcoming year. In today's episode, I'll share what those steps are.In this episode you will learn: The importance of setting a clear focus.The role of having a vision in achieving your goals and how to start living some that vision right now. How to shift from feeling undeserving to deserving of your goals and why this is critical.For a quick recap of this episode go to http://www.jenhemphill.com/380Join our community on Facebook here: https://jenhemphill.com/community The post,  Three Crucial Steps Before Setting New Year Resolutions | HDM 380 appeared first on the Her Dinero Matters Podcast.

Have you heard that your finances are directly related to the beliefs you have about yourself and money? Curioso, right?Well, today I'll be exploring this topic so that you start the year with tools that help you believe in yourself more while elevating your finances. Get ready for an episode where beliefs merge with finances. Often, when we think about financial freedom, we quickly consider the numbers, the budget, and forget the power that our beliefs have on those outcomes. When you create your vision board for 2024, think about how your life and finances would be if you had more belief in yourself (and what you can do with your money).  Belief in yourself is powerful and it can change things for you financially and all aspects of your life, but you need to be willing to do the work. This episode is going to help make that work easier.In this episode you will learn: How belief intertwines with confidence and mindset (and we also explore their challenges). The role our money story plays in all this. 3 tips that you can implement now to help you increase that belief.For a quick recap of this episode go to http://www.jenhemphill.com/379Join our community on Facebook here: https://jenhemphill.com/community The post,  Three Ways to Believe in Yourself and Elevate Your Finances | HDM 379 appeared first on the Her Dinero Matters Podcast.

Do you feel like you are still lacking what it takes to be financially confident? Even after reading finance books, budgeting, saving and investing? The truth is, you're missing a few pieces to the puzzle. Today, I'll help you fill those gaps so finally you can be truly financially confident. Ready to build the lasting financial confidence you deserve? In today’s episode, I discuss the concept of financial confidence and the three key elements that contribute to it. I share my personal journey with financial confidence and emphasize the importance of addressing all three elements together. Financial confidence is defined as the belief in your current financial situation and the ability to navigate and make decisions when faced with challenges. I provide practical examples and exercises for each element, highlighting the impact they have on overall financial confidence.I struggled being financially confident until I implemented these three elements we discuss in this episode, so don’t miss it!In this episode you will learn: What it means to be financially confident.What financial confidence looks like and what it doesn’t look like.The three things standing in your way to being financially confident and why you need all three.For a quick recap of this episode go to http://www.jenhemphill.com/378Join our community on Facebook here: https://jenhemphill.com/community The post,  What it Actually Takes to be Financially Confident | HDM 378 appeared first on the Her Dinero Matters Podcast.

Like many, you've felt the post-holiday financial hangover. But what if the holiday season could be stress-free financially? This episode isn't just about recovering from financial missteps; it's about rewriting the rules of holiday spending. Let's turn those regrets into financial wins together. Let’s avoid the post-holiday financial hangover altogether. The five transformative tips I am sharing today will do just this. Already did your holiday spending spree and feeling in a slump? Got you covered. Just getting started? Got you covered as well. Whether you're lamenting that credit card swipe or strategizing for the future, this episode marks your first move towards a more financially savvy holiday season.Ready to transform your approach so you can avoid the post-holiday financial hangover? Let's dive in!In this episode you will learn: How to create a fail-safe holiday spending strategyA way to redefine the art of gift-givingHow to communicate with your family to prevent the post-holiday financial hangover Plus, a bonus tip that includes a fun family challengeFor a quick recap of this episode go to http://www.jenhemphill.com/377Join our community on Facebook here: https://jenhemphill.com/community The post,  5 Tips to Avoid the Post-Holiday Financial Hangover | HDM 377 appeared first on the Her Dinero Matters Podcast.